Slayen Howard T. - 11 Jan 2022 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
Director
Signature
/s/ Kenneth B. Spink, Attorney-in-Fact
Issuer symbol
AEHR
Transactions as of
11 Jan 2022
Net transactions value
+$57,919
Form type
4
Filing time
11 Jan 2022, 17:45:04 UTC
Previous filing
10 Nov 2021
Next filing
04 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $36,219 +17,247 +8.9% $2.10* 210,762 11 Jan 2022 Direct
transaction AEHR Common Stock Options Exercise $21,700 +10,000 +4.7% $2.17* 220,762 11 Jan 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -17,247 -100% $0.000000* 0 11 Jan 2022 Common Stock 17,247 $2.10 Direct F2
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 11 Jan 2022 Common Stock 10,000 $2.17 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount reported includes shares subject to unvested restricted stock units.
F2 One sixth (1/6) of the total number of shares became exercisable on this date and an additional one sixth (1/6) of the total number of shares became exercisable each month thereafter.
F3 One twelfth (1/12) of the total number of shares became exercisable on this date and an additional one twelfth (1/12) of the total number of shares became exercisable each month thereafter.

Remarks:

Exhibit 24: Power of Attorney